A new kind of 'community bank' for small businesses

From one location in Wilmington, North Carolina, Live Oak Bank is the nation's largest Small Business Administration lender and a leading partner in developing technology for community banks. With an uncertain economic and business environment, two top executives from Live Oak Bank joined the ABA Banking Journal Podcast to discuss:

• How Live Oak delivers personalized banking services to a nationwide footprint.
• Where small business owners are looking to grow and build in the coming months.
• The need for liquidity in small business acquisitions and succession planning.
• The role of technology, including AI, in helping to improve the ability of banks to serve small business clients.
• How SBA loans fit into the Live Oak business model.
• Tips for community banks looking to deepen their SBA-guaranteed lending, including outsourcing back-office functions to ensure compliance with guarantee requirements.